Mitsubishi to acquire stake in Indian no-code data analytics venture Itanta

Mitsubishi Electric India, a wholly-owned subsidiary of Japanese conglomerate Mitsubishi Electric Corporation, will acquire a stake in Gervigreind Data Science Pvt. Ltd., an Indian software startup operating as Itanta Analytics. The investment aims to enhance the development and sale of no-code data-analysis and report-generation applications, bolstering Mitsubishi Electric’s factory automation (FA) digital solutions business.

The collaboration will integrate Gervigreind Data Science’s cost- and time-efficient applications with Mitsubishi Electric’s FA equipment and FA solution software. A key focus will be the incorporation of these applications with GENESIS64, a supervisory control and data acquisition (SCADA) software developed by ICONICS, Inc., a US-based subsidiary of Mitsubishi Electric. By leveraging no-code engineering, the partnership seeks to accelerate the digital transformation of manufacturing sites worldwide.

By partnering with software firms, the company aims to drive automation and digitalisation across various manufacturing stages, including design, production, testing, operations, and maintenance. 

On Wednesday, the company announced that it is expanding its robotics foot prints in India.

Speaking on the company’s vision, NS Madhusudhanan, Assistant General Manager (FA Products and Robotics Business) at Mitsubishi Electric India, told journalists, “Mitsubishi is a future-ready company with a diverse portfolio catering to key industries such as automotive, electronics manufacturing, food & beverage, and pharmaceuticals. With a workforce of over 1,000 employees and a strong network of approximately 150 channel partners, we have built a significant presence across India.”

Reflecting on the industry's transformation over the past two decades, Madhusudhanan noted that the challenge is no longer just about introducing robotics but about driving continuous innovation. “The focus today is on developing new solutions that enhance efficiency and productivity,” he said, underscoring Mitsubishi Electric’s strategic direction in automation and digitalisation.